AMC’s offer to sell the Odeon Printworks cinema in Manchester to Vue
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In December, the Competition and Markets Authority (CMA) announced that AMC (UK) Acquisition Ltd’s (AMC’s) purchase of Odeon and UCI Cinemas Holdings Ltd (Odeon) would face an in-depth investigation, unless AMC could address concerns over the merger’s effect on competition between cinemas in Manchester.
Prior to the merger, AMC operated a 16-screen multiplex in Manchester (the AMC Great Northern) and Odeon operated several cinemas in the Manchester area including the Odeon Printworks, a 20-screen multiplex.
To remedy the CMA’s competition concerns, AMC offered to sell the Odeon Printworks to Vue Entertainment Limited (Vue).
After considering responses to a formal consultation, the CMA has concluded that AMC’s offer is sufficient to address the CMA’s concerns.